3.2.5.1 Resource development Flashcards
Define natural resource (2)
all the original resources of the earth that’s used by people
and the range of natural services provided by these resources that support life and economic activity
define stock resources (2)
finite and non-renewable
they have taken millions of years to form and cannot be replenished over human timescales
define stock resources (1)
can be continuously replenished within human timescales, making them resources
define critical flow resources (1)
can be continuously replenished within human timescales, making them resources
examples of stock resources
fossil fuels,
copper
gold
uranium
examples of flow resources
solar energy
tidal energy
wind
examples of critical resources
north sea cod
trees
water
soil
define resource (stock resource evaluation (3)
includes all deposits of mineral resources which may be viable to extract in the future with:
-technical advances
-increase in demand for the mineral
define reserve (stock resource evaluation) (3)
deposits of minerals which can be extracted now, due to:
-being economically viable (high enough demand for profit)
-sufficient available tech
-legal entitlement to enable extraction
what factors determine the availability of resources and classification of resources and reserves?
- physical availability (pattern/quantities around the world)
-economic viability (worthwhile to extract resource? price)
-political/legal access (permission to extract?)
-environmental/sustainability concern (extraction without causing environmental damage?)
what factors determine the availability of resources and classification of resources and reserves? (arctic example) check
physical:
-minerals/resource unavailable under
ice sheet
-remote to transport
-climate challenges
economic:
-expensive to transport & extract because of remoteness/ physical conditions
political access:
-global commons, cant extract
-Antarctic Treaty
-Madrid protocol; bans mining until 2048
environmental:
-not env sustainable, fragile environment/ecosystem
Define measured reserve
-well established reserve and measured with confidence.
-sufficient tests allow grade consistency to be established
-90% or greater that minerals of high quality can be extracted
define indicated reserve
-extensive sampling provides reasonable confidence that reserve is exploitable
-sufficient testing means grade quality can be reasonably assumed
-50% chance of mineralisation
define inferred resources
-estimated based on limited sampling into the geology.
-insufficient data to justify expenditure on planning an exploitation sequence
(limited info and sampling)
-10% or greater that minerals exist and can be extracted
define possible reserves
-indicative in situ info (og info), but without sampling
-insufficient reliable data to justify exploration
-quantified deposit viability information, no sampling confidence